An illustration of the methods adopted may be interesting and serve to explain more clearly the serious nature of the mischief worked in the betting by time bargains. Some of the operators are reported very wealthy and some have next to nothing and many are adventurers.
I will suppose shares in the Hongkong Bank have to be attacked. The wealthy men by combined operations with the poorer satellites who work for them create a little excitement in the Bank's stock, they make a demand, run the shares up gradually and then steadily sell for delivery at a later date at a proportionately higher price, say in one month.
For the end of June or end of the year are very common expressions as these are the periods when accounts are finished and dividends may be paid. The public naturally conclude that there is special knowledge of good results to be expected from the periodical working of the institution and they are ready to buy; and to accommodate them the operators sell freely for delivery at high prices at a later date.
An illustration of the methods adopted may be
interesting
and
serve to
}
explain more
cl
clearly the
727
Steadily sell for delivery
at a later date at a
-proportionately higher
price,
say
inn
one mouth,
serious nature of the mischief worked in the betony by time bargains. Some of the operators are reported very wealthy
and some have next to
nothing and many
adventurers.
are
I will suppose shares in the stongsong Bank
have to be attacked. Ihe
wealthy men by combined. operations with the poorer Satellites who work for
them creaté a little excitement in the Bank's Stick, they make
Ou
demand, run the shares
up gradually and then
Steadily
or livo, on three as the case
may be. For the end of June
or end of the year"
are
very
-expressions
common ex
as these are the periods
when accounts are
ished and dividendo
publis
may be paid.
The public naturally
conclude that there is
special knowledge of good results to be expected
from the periodical
working of the institution
and they
are
ready to buy; and to accomodate them the operation sello freely for delivery
at high prices.
at a later
dali
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